Payment system VIALET (Lithuania)

Corporate, personal.

The payment system opens accounts for European companies, as well as companies registered in Hong Kong, Singapore, Canada (LTD, LP) and the UAE (FZE, LLC).

Opening an account for companies registered in other jurisdictions is agreed with VIALET on an individual basis.

Provide IBAN numbers for SEPA (EUR), SEPA Instant (EUR), SWIFT (incoming: EUR, outgoing EUR, USD, GBP, PLN, SEK, DKK, CZK, Swiss francs). There are no restrictions on work and payments with Ukraine.

Merchant accounts are available for companies from the eurozone (only activities with low and medium risk are accepted).

Cost of opening an account (depending on the company’s activities):

• for a legal entity engaged in trade - 50 EUR;
• for a legal entity engaged in IT, marketing, consulting - 500 EUR;
• for a legal entity engaged in real estate, pharmaceuticals, legal services - 500 EUR;
• for a legal entity with a high risk – 1000 EUR;
• for acquiring clients - individually.
   

Please note that final rates depend on each specific case.

None.

Internet banking, confirmation of payments via SMS.

Monthly account maintenance:

• for a legal entity engaged in trade - 150 EUR;
• for a legal entity engaged in IT, marketing, consulting - 150 EUR;
• for a legal entity engaged in real estate, pharmaceuticals, legal services - 200 EUR;
• for a legal entity with a high risk – 200 EUR.

Funds are transferred in the SWIFT and SEPA systems directly from customer accounts (IBAN), without using transit accounts of the payment system itself.

Limits on transfers - the payment system individually sets limits on transfers of funds depending on the company and its activities.

More detailed information on tariffs can be found here.

The process of opening an account begin with the preliminary stage, which includes gathering and providing us with the documents needed for account opening. The term of preparatory stage depend on you.

The stage of consideration of documents by the payment system and making decision to open an account depends on the activity, operations on the account and on average takes about 3 weeks from the moment the head office of the payment system receives the necessary documents and information.

VIALET follows KYC policy and reserves the right to require additional information or documents what may lead to account opening term exceeding.

Virtual Mastercard cards.

Russian/English – speaking.

Signing forms are provided at our office in person.

Documents on a company - need the originals of all statutory documents. If more than a year has passed since the date of registration of the company, Certificate of Good Standing under the apostille and Certificate of Incumbency under the apostille are required.

It is necessary to provide the concluded agreements, invoices, transport bills for companies that have previously conducted the activity.

And it is necessary to provide the drafts of agreements, business contracts or business plans for companies that have not yet carried out the activity.

It is also necessary to provide a business plan and cash flow diagram.

Documents for the account holder:

- original of national passport;

- original of foreign passport;

- original of identification code;

- curriculum vitae;

- original of bank reference.

Documents for the beneficiary:

- original of national passport;

- original of foreign passport;

- original of identification code;

- curriculum vitae;

- original of bank reference;

- documents confirming the source of income (welfare) of the beneficiary. It can be:

a certificate from the place of work indicating salary and statement of personal account, where payroll is displayed;

tax returns;

documents confirming inheritance;

documents confirming money donation, as well as their availability on accounts;

documents confirming the  presence/sale of real estate/movable property;

if the beneficiary is the founder of the company - documents for the company, extracts from company accounts, tax returns, documents confirming the payment of dividends;

if the beneficiary is a private entrepreneur - extract from the register, tax returns on the entrepreneur, bank statements;

Certificate of deposit from the bank, as well as documents confirming the source of income;

other documents that show sources of income.

The payment system may also request documents for nominal director, shareholder and secretary (if the company uses nominal service). These documents are:

- set of documents affixed with apostille, which includes copies of: passport, utility bill no older than 3 months and bank reference (if nominal director, shareholder and secretary are natural persons);

- set of statutory documents affixed with apostille, which includes Certificate of Incorporation, Memorandum, Article of Association, Minutes of the director designation (if director is legal entity). Also may require Certificate of Good Standing affixed with apostille, Certificate of Incumbency affixed with apostille and documents on this director, which includes set of documents affixed with apostille: copy of passport, utility bill no older than 3 months and bank reference.

You provide us with the requested documents, as well as a completed questionnaire, which we will send to you by e-mail. After receiving all the documents, we prepare and send a request to the payment system. If the payment system makes a positive decision to open an account, the date and time of the Skype conference have to be assigned. If there are no additional requests after the skype conference, the account opening process starts.

The payment system deducts commissions for opening an account upon the first funds have been received into the account.